innovate India
Student Entrepreneurs! Got an idea which can bring in a Big Change?Potomac brings you an extraordinary opportunity to create what you are passionate about.
All you have to do is think big and pitch your idea to us. If your idea comes with a working MVP (minimum viable product) or a working solution (app or web) – even better!!
timeline
20th Jan to 14th Feb
Registration
15th Feb to 5th Mar
Submit your proposal
15th Mar
Announcement of top 15 shortlists
16th Mar
Online presentations begin
31st Mar
Announcement of top 5 winners
stages
Register within the given timeline
Your document should have these pointers: –
- Problem statement – a real world problem that needs attention.
- Proposed solution to the problem – how can your idea solve the problem.
- What is your motivation to solve the problem using the proposed solution.
- Business Plan and Market Research.
- Implementation details of the solution (for e.g. business rules, wireframes, flow charts, architecture).
Your presentation should be in the form of a Pitch Deck consisting at least the following :
- Problem Statement
- Concept of Solution
- Product Information
- Business Model
- Competitive Advantage
- Market Size
- Traction
- Financial Forecast
FAQs
What is the purpose of the contest?
The purpose is to encourage innovation in creating a workable solution catering to a real-world problem and fill a market gap.
Who is eligible to participate?
Only students, currently studying, drop out or graduated out of college but not working, are eligible.
I am a working professional, am I eligible to participate?
No. This contest is only for the students.
How to participate?
Visit www.potomac.ai/innovate-india. You can participate individually or by forming a team (up to 4 members). Follow the stages and remember the important dates.
I’m facing issues in registration, whom should I contact?
For any query, reach us at contest@potomactpl.com
Can people outside Indore, Madhya Pradesh participate?
Yes! Students across the country can participate.
Do we need to form our own team or Potomac will help us?
You will have to form your own team. Maximum team size is 4.
If any of the team members drop in any of the rounds, can I still participate?
Yes. Potomac shall not be responsible for any fall out in the team during the contest. However, in such case, the remaining team members can continue with their participation. You need to inform us if any team member drops out.
Will Potomac Technologies get the intellectual property rights to the product created by the participants?
No. Potomac shall not claim any right on the intellectual property rights of your idea or working solution.
Will any tool/cloud/other licenses be provided by Potomac?
No
Is the prize money taxable?
Yes, the prize money is taxable as per the Indian taxation norms.
Will Potomac distribute the prize money among the team members?
No, Potomac shall not be responsible for the distribution of prize money among the team members. The prize money shall be disbursed to the team captain.
Will Potomac provide any certificate for participating in the contest?
Yes
Who is the point of contact for contest related queries?
Please reach out at contest@potomactpl.com